Armenian Exports Decline By 2.2% And Imports Grow By 20.5%

ARMENIAN EXPORTS DECLINE BY 2.2% AND IMPORTS GROW BY 20.5%

Noyan Tapan News Agency, Armenia
Sept 12 2006

YEREVAN, SEPTEMER 12, NOYAN TAPAN. In January-July 2006, Armenia’s
foreign trade made 725 bln 817.1 mln drams or 1 bln 654.6 mln USD, with
exports making 228 bln 725.3 mln drams (522.5 mln USD) and imports –
497 bln 91.8 mln drams (1 bln 131.1 mln USD). According to the RA
National Statistical Service, in January-July 2006, exports declined
by 2.2% on the same period of last year, while imports grew by 20.5%.

In the indicated period, Armenia’s foreign trade balance was negative
by 268 bln 366.6 mln drams (609.9 mln USD), that without cargos
received as humanitarian aid – by 254 bln 700.3 mln drams (578.1
mln USD).

In January-July 2006, Yerevan accounted for 47.1% of the country’s
exports, while the index of the same period of 2005 made 54.8%. In
the first seven months of this year, Yerevan accounted for 69.8%
of imports against 65.4% in the same months of last year.

Exports from Armenia to CIS countries made 522 mln 502.5 thousand
USD or by 6.3% more than in the same period of last year. Imports
from CIS countries amounted to 300 mln 249.2 thousand USD or by 45.2%
more. Exports to Russia made 54 mln 778.5 thousand USD (5.8% decline),
imports from Russia – 174 mln 394.5 thousand USD (27.4%); exports to
Georgia made 31 mln 114 thousand USD (15.2%), imports from Georgia –
38 mln 86 thousand USD.

In January-July 2006, exports from Armenia to EU countries made over
271 mln USD (6.4%), imports from EU countries – over 347 mln USD
(4.7%), including exports to Belgium – 70 mln 759.6 thousand USD
or by 8.8% less than in the same period of last year and imports
from Belgium – 90 mln 515.7 thousand USD (11.6% decline); exports
to Germany – 83 mln 689.8 thousand USD (5.8% decline), imports from
Germany – 49 mln 932.8 thousand USD (5.6% decline); exports to the
Netherlands – 72 mln 377.3 thousand USD (11.5% growth), imports –
12 mln 808.5 thousand USD (48.2% growth).

Exports from Armenia to other countries declined by 18.6% in the
period under review to 148 mln 159.1 thousand USD, whereas imports from
these countries grew by 20.8% to 484 mln 844.5 thousand USD, including
exports to Israel of 53 mln 142.7 thousand USD (27.6% decline), imports
from Israel – 56 mln 675.3 thousand USD (13.2% decline); exports to the
US – 29 mln 715.2 thousand USD (10.6% growth), imports from the US –
7 mln 418.7 thousand USD (25.2% growth); exports to Iran – 17 mln
166.5 thousand USD (11.9% decline), imports – 66 mln 578.4 thousand
USD (40.3% growth); exports to Turkey – 1 mln 149.2 thousand USD (0.2%
decline), imports from Turkey – 40 mln 766 thousand USD (43.5% growth).

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS